chase freedom credit card interest rate

Enjoy spending on your HDFC Bank Freedom Credit Card with 5X reward points on Get a welcome and renewal benefit of 500 reward points on fee realization. Charges foreign transaction fees: The Chase Freedom Flex credit card charges a 3% foreign transaction fee. · Mediocre earning rate on all other. Annual fee $95.

Chase freedom credit card interest rate -

10 Best Interest-Free Credit Cards in 2022

Interest rates on the rise and the cost of living on the rise? It’s time to find a better way to manage your money. Interest-free credit cards are one way to combat these rising costs. When you use them responsibly, they can be a great budgeting tool that you can rely on to help you live frugally. When you’re looking for the best interest-free credit card in 2022, there are several factors to consider. You’ll want to carefully weigh the benefits and drawbacks of each one before making your choice.

For instance, some cards offer better perks than others, while others allow you to choose how much money you can spend each month. Some cards charge higher fees than others or have limits on where you can use them. Here are 10 of the best interest-free credit cards that will fit your needs perfectly.

What to Consider?

When you’re shopping for the best interest-free credit card, there are many factors to consider. You’ll want to carefully weigh the benefits and drawbacks of each one before making your choice.

For instance, some cards offer better perks than others, while others allow you to choose how much money you can spend each month. Some cards charge higher fees than others or have limits on where you can use them.

The decision to choose an interest-free credit card is primarily based on how you’ll use it. You’ll need to decide if it will be your primary card or just an option when you’re in a pinch.

Read: Best Credit Cards for Shopping online in 2022

For example, suppose you’re applying for a card that will be your primary card. In that case, you’ll want to consider the monthly fee, the amount of money you can spend each month, and the perks offered with the card. If it is an option when you’re in a pinch, you’ll want to consider the purchase and ATM withdrawal limits. Regardless of your situation, there is a perfect card for you! Find the one that is right for you and reap the benefits.

The Top 10 Interest-free credit Cards in 2022

Here are the top 10 interest-free credit cards to consider:

1. Citi Simplicity Card 

The Citi Simplicity Card is a good option for people with good credit who plan to pay their monthly balance in full and on time. This card offers a 0% intro APR on purchases and balance transfers for the first 18 months.

After that, the variable APR will be 15.24% to 25.24%, depending on your creditworthiness. The specific card is designed for people with good credit, and you’ll see a hefty 23.99% interest rate on new purchases and balance transfers if you have a credit score below 700.

The Citi Simplicity Card is not designed for people with bad credit. It has a minimum credit score requirement of 660. The Citi Simplicity Card also has no rewards program. The Citi Simplicity Card is the best credit card for people with good credit. It’s suitable for people who want to build credit or people who want to get out of debt.

This card will help you by reporting to the three major credit bureaus if you’re building credit.

2. Wells Fargo Reflect Card 

This card is specifically made to entice people who currently do not have any credit cards or debit. Wells Fargo wants you to use this card to build your credit rating, which the card is designed for. If you use it to pay off debt, you lose the 0% introductory interest rate.

Well, it is a very cleverly planned scam. The Wells Fargo reflect card is free in the sense that you will not have to pay for it in any way. But the interest-free interval is, in fact, a ticking bomb. For example, take a cash advance of $1 000 using the card, then after the promotional period, i.e., six months. You will have to pay 22% interest on the cash advance, which is $230. Also, remember that you are borrowing money at 0% interest only when the money is in the card itself.

Therefore, it is advised to use this card only in emergencies or when you have your money in another investment already. If you plan to use the card frequently, it will cost you a lot in the long run.

3. U.S. Bank Visa Platinum Card 

The U.S. Bank Visa Platinum card is an excellent choice if you can qualify for it. It offers a great line of credit as well as a great rewards program. This card is great because it provides a credit limit that is high enough to have a perfect line of credit. It also offers a card that is easy to qualify for, making this card very convenient.

U.S. Bank Visa Platinum Card is the kind of credit card you need when you have good credit. It gives a grace period of a year before you have to start paying interest on your outstanding balance.

Moreover, its 0% introductory rate makes it an excellent choice for someone with a small balance. However, an outstanding balance can lead to a hefty bill. If you have a good balance, it will be an excellent choice for you as you can pay as much as you want as long as it is within the grace period.

In addition to this, the Platinum card is an excellent card for those who use credit cards as a security measure. It is a great way to protect your money from thieves and those who might borrow from you without your knowledge. It keeps a record of all transactions and alerts you when there is suspicious activity.

4. Citi Double Cash Card 

The Citi Double Cash has a few advantages going for it. The interest-free months mean you can put off your first interest charge for a few months. But the grace period is not as long as comparable cards from Bank of America or Wells Fargo.

Also, the financing offers available on the Citi Double Cash are not as good as those on the other two double cash cards. Finally, the balance transfer fee of 3% is not as reasonable as the 0% balance transfer offer on the other two cards.

Double Cash’s most significant selling point is its simple Cashback APR of 1% on all spending, plus 1% on all payments. This is the best offer available from any credit card. In summary, the Citi Double Cash is a solid cash back card. However, it is overshadowed by the offerings from other card issuers.

5. Amex EveryDay Credit Card 

Amex EveryDay Credit Card is an exceptional card. The best feature of this card is that it is an interest-free card. This card is designed for people who pay off their balance in full every month. This card has no annual fee. Or you can say it is a free credit card. The best part is that you will earn 10% back on your purchases, up to $1000 per quarter. You can use this ‘AmexEveryDay.com’ membership rewards point for paying at Amazon.com, booking travel, paying your bills, etc. Plus, you will also get ‘Travel Benefits.’

This means you can enjoy many travel-related perks. E.g., if you make a purchase on a travel site using this card, you will get a credit of up to $50 towards travel purchases.

6. Capital One SavorOne Cash Rewards Credit Card 

The Capital One SavorOne Cash Rewards Credit Card’s attractive 2% cashback on dining and entertainment encourages spending on the everyday purchases that earn the most points. The Capital One SavorOne Cash Rewards Credit Card’s $500 introductory bonus is another perk, effectively reducing the purchase rate to 0%* for the first year. However, that bonus is subject to change at any time.

If you’re looking to consolidate debt but would like to continue using credit, this may be the card for you. Cashback rewards cards like Capital One SavorOne Cash Rewards Credit Card aren’t suitable for everyone, but this could be the card for you.

7. Chase Freedom Unlimited 

Chase Freedom credit card is a good choice in 2022 for a low interest rate. There are many choices of credit cards available in the market. One of the best credit cards provides a reasonable interest rate on a good credit score. It is an excellent interest-free card.

They have a very generous cashback program, and there are many things to do to get free Cash. It is a good offer from the credit card provider. You can get this credit card without any problem. It is easy to get a credit card. You can get this card without any credit check. You can use this card very easily.

8. American Express Cash Magnet Card 

American Express Cash Magnet Card is a credit card. Many merchants widely accept it. Customers are not charged interest on purchases if paid in full every month. Customer’s purchases are protected against fraud by Maestro fraud online security guarantee.

The American Express Cash Magnet™ Card earns 2% cashback on purchases of $200 or more at grocery stores and wholesale clubs, up to a maximum of $6,000 per year. Cashback is received as a credit on your statement.

Suppose Maestro fraud online security guarantee detects fraudulent activity on the account. In that case, the total amount of the unauthorized charges, up to $250, is immediately credited back to the account. So overall, it’s an excellent credit card.

9. Blue Cash Everyday Card from American Express 

The American Express EveryDay Credit Card is the best option. However, another great option is the Chase Freedom Credit Card. Both of these credit cards offer unlimited 1.5% cash back on ALL purchases, including the grocery store! You have to be careful of only two things, one being the 3% foreign transaction fee. The other is that these are credit cards, so interest rates are higher than you would find on a department store card.

The American Express EveryDay Credit Card is the best option. However, another great option is the Chase Freedom Credit Card. Both of these credit cards offer unlimited 1.5% cash back on ALL purchases, including the grocery store!

You have to be careful of only two things, one being the 3% foreign transaction fee. The other is that these are credit cards, so interest rates are higher than you would find on a department store card.

10. Citi Custom Cash Card 

Citibank’s Citi Custom Cash Card is a particular credit card issued to users with average credit scores. It is not a credit card, in a sense usually thought of. If you decide to carry a balance on the card, then the interest rate is zero. The catch, though, is that you can only have a balance on this card for a maximum period of 30 days. After that, the interest rate jumps to a pretty high 26.99%.

And, this is compounded, so you pay interest on the interest. It is imperative that you pay off the card before the grace period ends. Do so, and you can avoid paying interest on your purchases. The Citi Custom Cash Card is probably the best option for someone with average credit. Citibank has a good reputation, and the card will help to build your credit. It is an excellent first card, and you should only use it if you don’t intend to carry a balance on it.

Conclusion

Choosing the right card for you is a difficult decision. However, we hope that we’ve given you a few things to think about and some ideas for what would work best for your needs. We recommend you take your time and look at all the details of each card before deciding which one is right for you.

Источник: https://webnews21.com/best-interest-free-credit-cards-in-2022-for-balance-transfer-rewards/

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Chase Freedom Flex overview

Offering a unique cash back program that should excite foodies, frequent travelers and fans of cash back variety alike, the Chase Freedom Flex charges no annual fee and offers cash back in an array of rotating categories.

But unlike its predecessor, the popular (and now-retired) Chase Freedom card, the Freedom Flex also carries bonus cash back in some categories year-round, allowing cardholders to enjoy consistency in a few key spending categories and variety in others throughout the year.

Thanks to its generous rewards rate, the Freedom Flex could be an especially good fit if you want to earn travel rewards without shelling out an annual fee, or if you have or would consider adding a premium Chase travel card like the Chase Sapphire Reserve card to your wallet.

That said, the card’s rotating categories may not always line up with your spending habits, and some larger spending categories like groceries and gas may only pop up for a single quarter each year (if at all), limiting the card’s rewards potential as a standalone option.

Why you might want the Chase Freedom Flex

If you get a kick out of strategizing about how to maximize your rewards, you’ll love the Freedom Flex. The card offers terrific variety with its rotating bonus categories, encouraging you to plan out purchases and adjust your spending habits to reap big rewards.

Your cash back redemption options are flexible, too, and you can even redeem your earnings for travel through Chase’s Ultimate Rewards travel portal without sacrificing rewards value.

If you plan on making any big purchase with your Freedom Flex card, you’ll also appreciate the card’s intro APR offer, which gives you a chance not only to chip away at the cost of large expenses over time while minimizing interest, but also earn big rewards on those purchases.

Meanwhile, the card’s sign-up bonus should be easy to reach and its Mastercard benefits include some nice travel and purchase protection perks, as well as credits for select food delivery and online shopping services.

Great cash back rates and variety

As its name implies, the Freedom Flex comes with a flexible cash back rewards program that offers a combination of year-round and quarterly-rotating bonus categories.

To start, you can enroll in a different bonus category each quarter and earn 5% cash back on up to $1,500 in spending in that category. After you meet the $1,500 quarterly cap, your rewards rate drops to 1% back on purchases in that category.

Unlike Discover, which lists its 5% cash back categories for the entire year, Chase announces its bonus categories on a quarter-by-quarter basis. The Chase cash back calendar typically offers a good amount of variety, and the 2021 calendar included a mix of practical categories like grocery stores and gas stations, as well as a few more niche options, like select streaming services.

Chase 5% cash back calendar 2021

For Q4 2021, Freedom Flex cardholders can earn bonus cash back at Walmart® and purchases made using PayPal.

WinterSpringSummerHoliday
January – March 

(Activation closed)

April – June
(Activation closed)
July – September
(Activation closed)
October – December
(Activate by October 14 )
  • Wholesale clubs*, cable, internet, and phone services
  • Select streaming services
  • Gas stations
  • Home improvement stores
  • Grocery stores (excluding Target and Walmart)
  • Select streaming services
  • Walmart
  • Purchases made using PayPal

In addition to what you earn in these quarterly bonus categories, you’ll earn cash back in a few other categories throughout the year: 5% cash back on grocery store purchases on up to $12,000 in the first year (excluding Target and Walmart purchases), 5% back on travel booked through the Chase Ultimate Rewards travel portal, 3% back on dining purchases (including takeout and eligible delivery services) and 3% back on drugstore purchases. These are solid ongoing rewards rates for a card that charges no annual fee.

If you were to maximize your cash back earnings in every quarterly bonus category by spending $1,500 on eligible purchases, you’d earn a total of $300 cash back in a year. Assuming your spending matches that of the average consumer, you stand to earn an additional $167 per year when you factor in the Freedom Flex card’s year-round bonus categories of travel, dining and drugstore purchases, as well as the 1% cash back you’d earn on general purchases. That’s close to $500 per year in cash back via card spend.

Through March 2022, you’ll also earn 5% cash back on Lyft rides with the Freedom Flex.

Valuable, easy-to-earn sign-up bonus

Along with the rewards you can earn in its bonus spending categories, the Freedom Flex gives you a chance to score a large sign-up bonus in your first year: $200 cash back if you spend $500 with the card in your first three months. Not only is this a great sign-up bonus for a no annual fee card but $500 is also a very low spending requirement. To meet the spending requirement in the first three months, you would need to spend only $167 per month, which should easily be doable given the variety of bonus categories offered.

On top of that, the card is currently offering a terrific first-year bonus rewards rate at supermarkets. You’ll earn 5% back on grocery store purchases (not including Target or Walmart purchases) on the first $12,000 you spend in your first year.

This is a top-notch grocery rewards rate, and while it only lasts for your first year, it could prove even more valuable than the typical no annual card’s sign-up bonus. If you maximize this offer, you could earn up to $600 in cash back via grocery store purchases in your first year. Even a more modest $400-per-month grocery bill would earn you $240 back in your first year with this offer, beating out the card’s flat cash bonus.

Flexible cash back redemption

The Freedom Flex also offers a number of different ways you can redeem your rewards. Though marketed as a cash back card, the Freedom Flex actually earns flexible Ultimate Rewards points.

You can redeem points for cash back in the form of a statement credit or direct deposit, travel, gift cards, Amazon.com purchases and more. Plus, there’s no limit to how many points you can earn, and your points never expire.

That said, the value of your points varies based on how you redeem them. Here’s a look at the Freedom Flex card’s rewards redemption options and the point value you’ll get with each:

Chase Freedom Flex redemption options

Redemption optionPoint value (cents)
Statement credit1
Direct deposit1
Travel1
Gift cards1
Apple purchases1
Amazon.com purchases0.8

You can also use the Chase Pay Yourself Back feature to redeem points to pay for some or all of your purchases in select categories and get paid back with a statement credit. You’ll still earn points on these purchases and your points may be worth more when your redeem in certain categories. For a limited time, Freedom Flex cardholders, for example, can redeem at a value of 1.25 cents per point when they opt to donate to eligible charitable organizations.

Pair your Freedom Flex with another Ultimate Rewards card to maximize rewards

Things get especially interesting when you pair the Freedom Flex card with another card that earns Ultimate Rewards. You can transfer Chase points into a common pool from multiple cards that earn rewards in different categories, giving you a chance to maximize earning by using the card that earns the most on a given purchase.

If you also have a premium Chase card like the Chase Sapphire Preferred Card, Sapphire Reserve or Ink Business Preferred® Credit Card, you can get extra value out of the points you earn with the Freedom Flex by redeeming for travel through the Ultimate Rewards portal. The Sapphire Preferred and Ink Business Preferred both offer a value of 1.25 cents per point when you redeem for travel this way, and the Sapphire Reserve gives you 1.5 cents per point in value.

Pairing the Freedom Flex with a premium Chase Ultimate Rewards card would also allow you to transfer points to one of Chase’s airline and hotel transfer partners and possibly enjoy even greater point value.

Finance larger purchases with an intro APR

The Freedom Flex also features an introductory APR on new purchases, which could be a big help if you have a large expense like a home repair looming. Not only can you pay off your balance slowly without racking up interest charges, but you’ll also earn at least 1% back on your purchases – even more if they line up with one of the card’s rotating 5% cash back categories.

The terms are pretty straightforward: You get a 0% intro APR on purchases for your first 15 billing cycles as a card member, after which you’ll be subject to the card’s standard variable APR of between 14.99% and 24.74%, based on your credit score.

Upgraded cardholder perks

Unlike the retired Freedom card, which ran on the Visa card network, the Freedom Flex is a Mastercard credit card. This shift to a Mastercard World Elite product brings a host of new benefits to the Freedom Flex. The card also features some familiar Chase perks. Highlights include:

  • Cell phone protection: Pay your monthly cell phone bill with the card and any phones listed in your bill are covered up to $800 per claim and $1,000 per year against theft or damage. A $50 deductible per claim applies.
  • Complimentary DashPass subscription: DashPass gives you unlimited free deliveries on DoorDash orders over $12. The Freedom Flex offers a free DashPass membership for three months. After that, you’re automatically enrolled at a 50% discount for the next nine months (subscriptions typically cost $9.99 per month), though you can cancel before that if you like.
  • Lyft credits: You’ll get a $10 credit for every five rides you take in a calendar month. This credit is automatically applied to your next ride (limit one per month).
  • Bonus cash back on Boxed purchases: Boxed is a membership-free wholesale retailer that sells groceries, household goods, personal care items and more. The Freedom Flex gets you 5% cash back on all Boxed purchases, which can be used for future Boxed purchases.
  • Complimentary ShopRunner membership: ShopRunner gets you two-day shipping and free returns at more than 100 online retailers.
  • Purchase protection: For eligible purchases made on your Chase Freedom card, you can be covered against theft or damage for the first 120 days ($500 max per claim, $50,000 max per account).
  • Extended warranty: Extend eligible manufacturers warranties of three years or less by an additional year.
  • Car rental insurance: If you charge your rental car to your card, you can receive secondary coverage in the case of damage or theft up to the cash value of the car.
  • Trip cancellation and interruption insurance: In case you have to cancel or cut a trip short due to severe weather, illness or another covered situation, you can be reimbursed for non-refundable purchases.

 

Why you might want a different card

The Freedom Flex card’s cash back variety and flexible rewards redemption options are great, but if adjusting your spending habits to maximize rewards sounds like more of a headache than it’s worth, the Freedom Flex may not be right card for you. And since you won’t have any choice in Chase’s quarterly categories and won’t know them too far in advance, you may struggle to plan out your spending to maximize rewards.

Quarterly categories can be hard to maximize

Depending on what’s included in a quarterly bonus category, it may be very difficult to reach the Freedom Flex card’s 5% cash back spending cap of $1,500. For example, most cardholders would struggle to spend $1,500 in three months on select streaming services or gas station purchases. If that winds up being the case,  you’ll be stuck with a great rewards rate on purchases you don’t make frequently for three months, severely limiting the card’s cash back potential and overall appeal.

The card’s $1,500 quarterly spending cap may also hold you back in other categories, such as grocery store purchases (after the first-year bonus rate wears off). This is an example of a category in which you may exceed the $1,500 quarterly spending limit, at which point you’ll be limited to earning just 1% back on those purchases. If you were to opt instead for a card that offers slightly a slightly lower – but consistent – cash back rate, you may find that you’d earn more over the course of a year than you would with the Freedom Flex.

For cardholders who would rather earn simple, consistent rewards, having to plan out spending ahead of time based on an ever-changing cash back calendar may be a deal-breaker. In that case, a card that sticks to bonus cash back in specific spending categories relevant to you or a flat-rate cash back card may be a better fit.

Strict approval odds

If you apply for the Freedom Flex, you’ll need good to excellent credit (above 670) to qualify. That could put a damper on your plan if you have fair or average credit and are looking for a card that earns rewards in a variety of popular categories.

You’ll also have to keep in mind the Chase 5/24 rule: If you’ve opened five or more credit card accounts with any issuer within the last 24 months, you most likely won’t be approved for a card with Chase.

Tip: If you want a better sense of your odds of approval before you apply, you can take advantage of Chase prequalification tools on the Chase website with no impact to your credit score.

How does the Chase Freedom Flex compare to other cash back cards?

The Freedom Flex offers a ton of variety in how you earn cash back, but the card’s 5% cash back categories may not always line up with your spending habits. Here are a few alternatives worth considering:

Chase Freedom Unlimited
Chase Freedom Unlimited®

Discover it® Cash Back

Citi® Double Cash Card
Rewards rate
  • 5% cash back on grocery store purchases on up to $12,000 spent in first year (excluding Target and Walmart)
  • 5% cash back on travel booked through the Chase Ultimate Rewards portal
  • 3% cash back on dining and drugstore purchases
  • 1.5% cash back on general purchases
Rewards rate
  • Enroll every quarter to earn 5% cash back on up to $1,500 in purchases in various categories throughout the year
  • 1% cash back on general purchases
Rewards rate
  • 1% cash back on general purchases
  • 1% additional cash back as you pay for those purchases
Welcome bonus
  • $200 cash back after you spend $500 in the first 3 months
Welcome bonus

Matches cash back at end of first year of card membership

Welcome bonus

None

Annual fee

$0

Annual fee

$0

Annual fee

$0

Other things to know
  • Easily transfer rewards to other Chase Ultimate Rewards cards
  • Redeem for travel, cash back, merchandise, gift cards and more
  • Rewards don’t expire
Other things to know
  • Redeem rewards for gift cards (ranging from $5-$200 in $5 increments), donations, credit to your account, direct deposit and more
Other things to know
  • Redeem rewards for check, statement credit, gift card or direct deposit
  • $25 minimum cash back redemption

Chase Freedom Flex vs. Chase Freedom Unlimited

If you’d rather earn a higher cash back rate on general purchases than track and enroll in rotating bonus categories, the Freedom Unlimited is a great option. It offers the same year-round bonus cash back categories (5% back on travel, 3% back on dining and 3% back on drugstore purchases) as the Freedom Flex, as well as 1.5% cash back on general purchases. The card also pairs with premium Ultimate Rewards cards in the same way as the Freedom Flex, so it makes sense for fans of travel rewards.

Chase Freedom Flex vs. Discover it® Cash Back

Like the Chase Freedom Flex, the Discover it Cash Back offers 5% cash back in rotating bonus categories that you must enroll in each quarter (on up to $1,500 in purchases per quarter, then 1% cash back). It also offers 1% cash back on general purchases. While the card lacks the year-round bonus categories available on the Freedom Flex, it comes with a unique introductory bonus: Discover will match all the cash back you earn in your first cardmember year.

Chase Freedom Flex vs. Citi® Double Cash Card

If you want to keep things ultra-simple and earn cash back at the same rate on every purchase, no matter where, when or what you buy, the Citi Double Cash Card is one of the best flat-rate cash back cards on the market. You’ll earn up to 2% cash back on everything you buy (1% back when you make a purchase and an additional 1% back as you pay for those purchases). You can also redeem your rewards as ThankYou points in the Citi ThankYou Travel Center for airfare.

How to use the Chase Freedom Flex:

  • If you want to get the most value out of your rewards, consider pairing the Freedom Flex with another Ultimate Rewards card and redeeming for travel.
  • Take advantage of the card introductory APR on purchases to pay off large expenses over time while avoiding interest charges.
  • Be sure to enroll in a bonus category each quarter to earn the full 5% cash back on your first $1,500 in spending.
  • Time your purchases strategically to max out the spend cap in bonus cash back categories each quarter.
  • Check out other ways to earn Ultimate Rewards points – like referring a friend to the card or shopping through the Ultimate Rewards shopping portal.

Is the Chase Freedom Flex right for you?

The Chase Freedom Flex charges no annual fee and offers a ton of variety in how you can earn and redeem rewards, making it a great all-purpose rewards card that will hold extra value for budding travelers.

Earning rewards does require some strategizing on your part, though, so if that sounds like more trouble than it’s worth, you may be happier sacrificing some rewards potential in favor of consistent, predictable returns.

About the author

Nouri Zarrugh is a staff writer and editor at CreditCards.com and Bankrate Credit Cards, focusing on product news, reviews and recommendations. His areas of expertise include credit card strategy, rewards programs, point valuation and credit scores, and his stories on building credit have been cited by Mic.com, LifeHacker, People.com and more. Also a fiction writer, he won the Keene Prize for Literature and holds an MFA in creative writing from the Michener Center for Writers at the University of Texas at Austin.

Источник: https://www.creditcards.com/reviews/chase-freedom-credit-card-review/

How to find your APR and calculate your interest charge

If you carry balances on your credit card from month to month, your credit card purchase APR (annual percentage rate) determines how much you must pay in interest. A higher purchase APR means you will owe more in interest if you carry a balance, while a lower purchase APR means you will owe less.

You can avoid credit card interest altogether by paying your statement in full each month before the grace period ends, but keep in mind that this can vary depending on whether you have a personal or business credit card. But if you do carry a balance on your card, greater insight into how interest is calculated and how to calculate it on your own can help you understand why this interest shows up on your statement.

How to find your credit card's APR

Your credit card APR may be available in multiple locations: on your most recent credit card statement, in your card's terms and conditions, on your card issuer's website, or by reaching out to the credit card issuer directly.

Note that there may be different APRs for purchases, cash advances and balance transfers. Be sure you refer to the correct one when calculating what you owe. When we say "APR" in this article, we're referring to the APR for purchases.

Find your APR on your credit card statement

Typically, you can find your credit card APR near the end of your monthly statement. There will be a section of the statement marked "Interest Charge Calculation" or a similarly worded section.

The statement section also shows you how much of your balance will be used to calculate your monthly interest charge. Interest accrues every day on any unpaid balance, and the accrued interest becomes part of your total balance. Because your interest compounds, what you owe can grow quickly.

Find your APR in your credit card's terms and conditions (T&Cs)

If you're considering signing up for a particular credit card, it's a good idea to read the card's terms and conditions thoroughly. You can also refer to your existing cards' T&Cs for important information like purchase APR.

Your card's APR is listed near the top of the card's T&Cs.

Find your APR through your credit card issuer's website

If you have an online account with your card issuer, you can log in and navigate to your account information section to find the APR associated with your card.

Your card issuer's website should have the most up-to-date information on APR, making this a smart choice to see what your credit card APR is today.

Find your APR by contacting your credit card issuer

You can contact your card issuer directly to get up-to-date rate information. For your existing credit cards, your issuer's phone number can be found on the card itself.

How to calculate the APR on your credit card

Credit card interest calculations rely on a five-step process. First, you break the APR into a daily periodic rate (DPR). Once you've done that, you determine the average daily balance on the card and multiply it by the DPR. These daily amounts are then added up for the month and that's the interest rate charge that's added to your monthly purchase amount.

We break it down here:

  1. Calculate your daily periodic rate (DPR)

    The APR is given as an annual rate–but card issuers typically calculate the interest that you owe on a daily basis. To find this daily interest amount, they will divide the APR by 365 to generate the DPR.

    So, if a card has an APR of 11.24%: divide 11.24% by 365. The resulting DPR is 0.0308%.

    Note that some card issuers use 360 instead of 365, so it's important to check with your issuer to confirm their methodology.

  2. Determine your average daily balance

    Another key component of interest calculations is your average daily balance, or the sum of your daily balances divided by the number of days in the month.

    Calculating your average daily balance will be your most difficult math problem when calculating your interest, especially as many credit card statements do not provide your daily balances. Move backwards through your statement to see what the final balance was on each day of the month.

    Let's say you start the month with a zero balance for a 30-day (one month) statement cycle.

    On day one: you spend $200. On day 21 (20 days later) you spend another $200. That means your daily balance was $200 from day one to day 20 (20 days), and then $400 from day 21 to day 30 (10 days).

    To find the total sum of every daily balance in that 30 days, you do the following:

    ($200 ✕ 20) + ($400 ✕ 10) = ($4000) + ($4000) = $8000.

    To find your average daily balance, you divide that sum of $8000 by the number of days in your billing cycle as $8000/30, which gives you an average daily balance of $266.67.

  3. Apply the DPR to the average daily balance

    To figure out how much you owe daily in interest, multiply the DPR by the average daily balance.

    So in this case the DPR is 0.0308% (0.000308 in decimal form) ✕ $266.67 = $0.082, or 8.2 cents of daily interest per day.

  4. Combine your daily interest amounts into a monthly total

    Multiply the daily interest amount (8.2 cents) by the number of days in the statement cycle (30 days).

    30 ✕ $0.082 = $2.46 in monthly interest charges.

  5. Add what you owe in interest to your purchases for the month

    Take that $2.46 and add it to your monthly purchase amount ($400 in this case) and the total balance at the end of the month is $402.46.

How to manage your credit card interest

Calculating your credit card interest is just the first step. By monitoring your APR and by aiming to pay off your balance as much as you can, you can pay much less in interest and improve your credit score at the same time. Of course, if you pay your balance in full within the specified grace period every month, you won't have to pay any interest on purchases. You may still be charged interest for other types of transactions; like when you use your card to get cash.

Keep your credit card interest at a healthy level by doing the following:

  • Determine whether your credit card APR is fixed or variable.

    This will be indicated on your card statement, often as an (F) or a (V) in the rate table. A fixed rate stays the same from month to month (although card issuers can change the fixed rate with 45 days' notice or if you are 60 days past due on your minimum payments). The variable rate may change from month to month and is pegged to the prime rate: a reference rate used by many issuers.

  • Reference your statements for your running interest total.

    Your card statements will show how much in interest (and fees) you have accrued year-to-date. Monitoring this figure helps you understand how much you're paying in credit card interest, without having to do the manual calculations described above.

  • Aim to pay your statement balance in full each month.

    Put your credit card to work as a short-term interest-free loan by paying off what you owe at the end of each statement cycle. You will likely have a minimum of 21 days from the date the statement is mailed to pay off the balance before interest begins to accrue. If you want to pay your statement balance in full each month, you may want to consider signing up for that option through autopay, so that you won't forget to make a payment.

  • But when you can't pay in full, always try to pay more than the minimum balance due.

    Your card statement or online account will detail the minimum amount due for each statement cycle. The more of your balance you pay each month, the less you will owe in interest.

Maintain your finances by checking and managing credit card APR

Understanding credit card APR helps you understand how credit card interest can accrue quickly and why it helps to regularly monitor your rate and your total balance.

As a next step, see if you qualify for a credit card with a lower purchase APR. If you find a lower rate credit card that also offers balance transfers, transfer the current balance from your higher-APR card, and start using extra cash to pay it down throughout the month.

Источник: https://www.chase.com/personal/credit-cards/education/interest-apr/how-to-check-interest-rate-on-apr

Learn More

Keep up With the Rotating Categories to Earn the Most

Credit Needed: Good/Excellent

There is no doubt that the Chase Freedom Flex card is a fan favorite among credit cardholders. There’s no annual fee and the card offers incredible earnings. Not only does the Chase Freedom Flex card offer cash back, but it provides the opportunity for cardholders to earn bonus cash back. This is done through rotating categories each quarter. The categories vary per year, but they have previously included gas stations, commuter expenses, home improvement stores and department stores.

You must opt in to the bonus category each quarter. Once you’ve done that, you’ll earn 5% cash back on up to $1,500 in combined purchases in that category.

The Chase Flex also offers you additional ways to earn cash back. You can earn 5% cash back on travel when you make your travel purchases through the Chase Ultimate Rewards portal. Earn 3% on drugstore purchases and on restaurant purchases including take out. Some delivery services are also eligible for the 3% cash back. You automatically earn 1% back on all other purchases. Should you forget to opt in one quarter, your purchases will earn only 1%. Luckily your cash back rewards will never expire as long as your account is open and in good standing. There is also no limit to how much you can earn at the 1% cash back rate.

Once you sign up for the card, you will have three months to spend $500 on purchases to earn a $200 bonus. After opening your account, the first 15 months are subject to a 0% intro APR for purchases. After that period, the variable APR of 14.99% - 24.74% Variable applies.

Additionally, balance transfers and cash advances come with a transaction fee. Cash advances cost $10 or 5% of the amount, whichever is greater. Balance transfers come with an intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater.. Foreign transactions also come with a fee of 3% of the transaction amount.

Chase tracks your earnings as points. As a cash back card, you can take the cash back through direct deposit or statement credit. However, you could also convert your cash back to points, meaning 100 points for every dollar spent. You can then use these points to shop on Amazon, buy gift cards or book travel through Chase Ultimate Rewards. Chase’s Ultimate Rewards Program is an extensive rewards program that includes the Chase Freedom Flex card.

Smart Features

No annual fee – The Chase Freedom Flex card does not have an annual fee.

$200 bonus - Earn a bonus of $200 after spending $500 on purchases within the first three months.

Rotating categories - Special rotating categories mean that you can earn extra cash back within a certain quarter when a category is specified.

0% intro APR - The APR for purchases will be 0% for the first 15 months of having the card. After that period, the variable APR of 14.99% - 24.74% Variable applies.

High rate of cash back - The Chase Flex card offers many ways to earn cash back - 5% rotating rewards categories (up to quarterly cap), 5% travel (Chase Ultimate Rewards), 3% drugstore, 3% dining, 1% everything else. 

Redemption options - Not only can you earn cash back, but you can instead redeem points for rewards like Amazon purchases, gift cards or travel expenses.

Extra protections - Chase ensures your safety and comfort as a cardholder. This means protection for fraud, stolen or damaged purchases, merchandise prices, extended warranties and merchandise returns.

Who it Benefits

The Chase Freedom Flex card stands to benefit the everyday credit cardholder. With its special rotating categories including home improvement, gas stations and department stores, your everyday purchases could earn you some huge rewards. You just have to make sure you have opted in and you’re using your card in the right places at the right times to score the big rewards. Besides the rotating categories, the card offers a 5% cash back rate on travel and 3% cash back rate on drugstores and dining. Depending on how you use your card and the category available, at times you may be only earning 1% on purchases. 

Compare Similar Cash Back Offers

How it Works

The Chase Freedom Flex card is a cash back card with rotating special categories. Your spending within a quarter’s specified category will earn you 5% cash back on up to $1,500. After you spend $1,500, you earn 1% back on the rest of your purchases with no caps. You can also earn 5% cash back on travel when you purchase through the Chase Ultimate Rewards portal. You’ll earn 3% at drugstores and when dining at restaurants. Those purchases also include take out and some delivery services are also eligible.  All other purchases will still automatically earn 1% cash back, again with no limit.

Your rewards will never expire as long as your account is open and in good standing.

The special categories include, but are not limited to, gas stations and drug stores. Note that you will have to opt in for each quarter’s category in order to earn the bonus 5% cash back. You can activate online or via text, email, phone, Chase location or ATM. Luckily, as long as you activate before the deadline for each quarter, your purchases can retroactively earn 5% back. Activating after the deadline, however, means your purchases earn only 1% back.

Within the first three months of signing up for the card, you can earn a bonus of $200 by spending $500 on purchases.

The card does not have an annual fee. It also carries an intro APR of 0% for purchases for 15 months. After that, the normal variable APR of 14.99% - 24.74% Variable applies. Cash advances come with a 24.99% Variable APR. Balance transfers and cash advances come with their own fees. Cash advances cost $10 or 5% of the transaction amount, whichever is greater, while balance transfers have an intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater.. Foreign transactions made on the card will also trigger a fee of 3% of the transaction amount in U.S. dollars.

Learn More

What's the Catch

The Chase Freedom Flex card is a pretty good card on the whole. However, there are a couple of catches to the card. For one, you have to manually opt in each quarter to earn the 5% cash back on the special category. It is not done automatically, so you do have to pay attention to each quarter’s categories and deadlines. You can opt into the special reward categories online, through text or email, by phone or by visiting a Chase location or ATM. It’s worth noting that you can still activate late in the quarter, as long as it’s before the activation deadline. That way, your previous quarter purchases can still earn 5% cash back. Should you forget to opt-in, however, depending on what you purchase (unless it falls into drugstore, dining, or travel), you may only earn 1% cash back.

The other catch to the Chase Freedom Flex card is that you earn 5% back on up to $1,500 in combined purchases in bonus categories each quarter. So any purchases you make after you’ve already spent $1,500 within the category earns 1% cash back. So if you think you’re going to be spending more than $1,500, either be aware that not all your purchases will earn 5% back.

Just the Math

You earn 5% cash back on a different category each quarter. The 5% cash back applies until you’ve spent $1,500 in that quarter. You’ll earn 5% on travel when you purchase through the Chase Ultimate Rewards portal. You’ll earn 3% at the drugstore and when dining at restaurants. After that, you earn 1% cash back with no limits on how much you can earn.

There is also a sign-up bonus of $200 if you spend $500 on the card within the first three months.

Balance transfers from this card will cost an intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater.. The variable APR is between 14.99% - 24.74% Variable, depending on your credit score.

How it Stacks Up

U.S. Bank also offers a rotating categories card, the Cash+ Visa Signature Card. Interestingly, this card gives you the option to choose your cash back categories, rather than them being determined for you. You can earn 5% cash back for the first year on your first $2,000 in eligible purchases each quarter on the combined two categories you choose. You choose from a given list that includes more specific categories like fast food restaurants or sporting goods stores.  You also can earn 2% cash back for the first year on your choice of one everyday category (i.e. gas or groceries). You earn 1% cash back on everything else and if you forget to choose your special categories. The card also offers some good sign-up bonuses, all for no annual fee either, making the Cash+ Visa Signature card a pretty nice option.

Learn More

Interest Rates

Annual percentage Rate (APR) for Purchases

0% Intro APR on Purchases for 15 months. After the intro period ends a 14.99% - 24.74% Variable APR will apply, based on your credit-worthiness. 

APR for Balance Transfers

There is no intro APR on balance transfers. A 14.99% - 24.74% Variable APR will apply, based on your credit-worthiness.

APR for Cash Advances

Pay 24.99% Variable for cash advances. The APR will vary with the market based on the Prime Rate.

Penalty APR

up to 29.99% Variable

How to Avoid Paying Interest on Purchases

Your due date is at will be a minimum of 21 days after the close of each billing cycle. You will not be charged any interest on purchases if you pay your entire balance by the due date each month.

Minimum Interest Charge

None

Fees

Annual Fee: 

$0

Transaction Fees

  • Balance Transfer: An intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater.

  • Cash Advance: $10 or 5% of the amount of each transfer, whichever is greater

  • Foreign Purchase Transaction: 3% of each transaction in U.S. dollars

Penalty Fees

  • Late Payment: up to $40

  • Returned Payment: up to $40

Learn More

The Bottom Line

The Chase Freedom Flex card definitely provides a solid cash back return. At 5% cash back for specific categories, you can really earn a lot back on your everyday spending. You do have to make sure that you are activating the bonus each quarter. But even when you don’t opt in, you still earn 1% cash back on all purchases with no limits. Plus, the Flex card offers other 5% and 3% cash back benefits you don't have to opt in to earn. 

With a sign-up bonus and no annual fee, the Chase Freedom Flex makes sure that you earn cash back, and keep on earning. You will just have to watch out for cash advance fees, balance transfer fees and the end of the intro APR period. 

Next Steps

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Saving money is easier said than done, but having a high-yield savings account is a great start. To see what's available today, take a look at our overview of the top savings accounts.

Save more with these rates that beat the National Average

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Источник: https://smartasset.com/credit-cards/chase-freedom-review

Top 10 Best Credit Cards – Comparison & Reviews in October 2021

Citi® Double Cash Card

Most people who have used the card love it for having some of the best cashback rates. More reason to consider using this card to get more Chase Ultimate Rewards. 

  • Impressive cashback rate
  • No annual fee
  • Introductory APR period on balance transfers
  • High foreign transaction fee 

It is considered among the best credit cards because of the many benefits you get while using it. An example is that you can earn 2% cashback on each purchase, and you also get unlimited 1% cashback whenever you buy something using a credit card. 

People will also enjoy it for having the 0% intro APR on the balance transfers for the first 18 months after account opening. After the grace period is over, you will then face an APR rate of 13.99% to 23.99%. This is mostly based on creditworthiness. 

Keep in mind that the balance transfers will not earn you cashback. Ensure that you pay off the entire balance on the due date to avoid accruing interest. You can expect a balance transfer fee of 3% or $5 of the amount being transferred, whichever is greater between the two. 

American Express Gold Card 

This company will give you the option of earning a lot more rewards. It might be the reason people get this card as they know it will be a great place to earn bonuses and cashback.

  • Chances of earning high rewards are many 
  • There are multiple point transfer options 
  • You can opt for the rose or rose gold option
  • There are no lounge benefits

This may be a popular choice for those who have used the Rose or Rose Gold designed credit card before. One thing that stands out should be that you earn 60,000 membership rewards points, which will be reflected in your account once you’ve spent $4,000 on the eligible purchases within the first six months from account opening. 

There are more ways to improve your earnings of cash rewards. You can multiply the rewards up to four times when you make purchases at restaurants and takeout joints. You get more of the same when you use the card to purchase flights. So, you can generally earn more cashback as you continue using the card. 

The card is for anyone with a good credit score. So, give it a try to see if you can be approved for the card. Note that the annual fee is not too high to discourage you from getting the card. With no foreign transaction fee, it appeals to more people seeking such a credit card. 

Chase Sapphire Preferred® Card

The credit card has impressively high reward rates. You would also find it has impressive redemption flexibility than other cards.

  • Earn high rewards on spending 
  • Impressive welcome bonus 
  • Unlimited zero-fee deliveries from selected services

It is recommended that you also consider more credit cards from Chase. This is another good example of a credit card that can suit your lifestyle and spending habits. The best part is that you get impressive bonus points when you spend $4,000 within three months from account opening. You also get to redeem $750 through the Chase Ultimate Rewards system. 

Other than the membership rewards points, you would also get hotel credit, travel credit, and much more. Essentially, you get the best points when you keep using your credit card. 

Another benefit of the card is that you can still enjoy unlimited delivery with zero fees. This ensures you can use services such as DashPass and DoorDash without worrying about the delivery fees. Make sure to check the company website to see if the offer is still available. 

Chase Freedom Flex

One of the reasons for picking the card is the zero annual fees and the 0% intro APR period and it would generally appeal to more people who enjoy the use of its other services.

  • There is no annual fee 
  • Great travel rewards on the card
  • Offers generous rewards on various offers
  • All travel bookings must be done through Chase to earn cashback

Unlike some other options for credit cards, this one will give you a nice bonus to enjoy. The bonus can be $200 so long as you spend $500 in the first 3 months from account opening. This should make more people consider spending more money to earn the bonus. 

The ability to earn cashback makes the card also worth considering. You can earn 5% cashback when you make purchases on grocery and other in-store purchases. You also get the same amount of cashback when you spend the money on other eligible categories. See the website for more details on these categories. 

People often like the credit card for having 0% intro APR for the first 15 months. Then later, the ARP will range from 14.99% to 23.74%. Also, there is no annual fee, an enticing option to have for a credit card. 

Chase Sapphire Reserve®

It is easier to grow your points by making regular purchases. An example is that you can be on a vacation trip and still earn bonus points. 

  • Impressive cashback rewards
  • Generous welcome bonus 
  • You can multiply your bonus points for doing various activities

Chase offers some of the best bonus options. For this credit card, you will earn a bonus of 50,000 travel rewards points. This is only after spending at least $4,000 on different purchases within the first 3 months of opening the account. You get to redeem them through the Chase Ultimate Reward system. 

This would generally be a great credit card for those who love to travel because you can multiply your points whether you air travel and purchase car rentals. It is the same for hotel bookings too. Even those who love to dine will also increase the points threefold. 

You will need an excellent credit score of 750 to 850 to get this card. You will generally enjoy the affordable foreign transaction fees you get with the card. So, you can always make your purchases with ease. Although the annual fee is high, most people find it manageable. 

The Platinum Card® from American Express

As much as it does not have the 0% intro APR, you can find the foreign transaction as affordable. Earning the rewards makes more people consider it.

  • It is easy to earn more rewards from the company 
  • You can get hotel benefits with Hilton and Marriott partnership 
  • You also get comprehensive airport lounge access

Like some other credit cards, we find that this one has some great rewards too, including earning membership reward points within the first 6 months of card membership. These membership rewards points can also be used in other purchases later, such as grocery store purchases. 

You will generally increase your points based on how you use the card. The reward dollars can be earned through spending at restaurants and other places. The same rewards are available when you use a credit card with major airlines. 

The company reports the progress of using the credit card to the three major credit bureaus. The aim is to help you improve your credit score. You are likely to experience reduced service fees from other card issuers with a good credit score. 

Delta SkyMiles® Reserve American

Earning the Delta perks when boarding the Delta flights should encourage more people to consider it. Also, the bonus miles can be encouraging.

  • You can enjoy priority boarding on the Delta flights 
  • Experience the Delta Sky Club with the card 
  • Good rewards for air travelers
  • The companion certificate you get is only valid for domestic flights

Like other credit cards on the list, you can expect this credit card to have impressive offers. Here, you can get as many as 80,000 bonus miles after spending $5,000. You should know that you need to do this within the first 3 months from account opening. Other similar rewards are offered from this company, check the website for more offers. 

Those who use the card to purchase flights will be given complimentary access to the Delta Sky Club. More reason to travel on Delta flights. Use the credit card to purchase the tickets. 

Unfortunately, there is no 0% intro APR, but its regular APR is within the normal rate, which makes it a great choice overall. Anyone who uses this card to purchase a flight ticket qualifies for lost luggage insurance, one of the other benefits of this card. 

So long as your credit history is good, you can get the card. It requires a credit score between 700 to 749. 

United Club℠ Infinite Card

It may lack the 0% intro APR, but it is easy to earn bonus miles. Most people find it easy to start earning cashback and rewards compared to other card options.

  • Lacks foreign transaction fees
  • Earning bonus miles is easy
  • Get impressive cash back

When others are charging a lot on foreign transaction fees, you will find this credit card has no foreign transaction fee. Worldwide purchases become easy without exorbitant fees. 

You will also like that you get 75,000 bonus miles. This drives more people to consider applying for this credit card. You still earn more bonus miles each time you use the card on eligible purchases. Also, the balance transfer fee is not too high.

There is also a 25% statement credit when you use the card to purchase food, beverages, and other categories, details on the website. 

Your first and second pieces of luggage are checked for free whenever you pay for a flight using the card. More reason to get this card. 

World of Hyatt Credit Card

The initial bonus miles are enough to make someone consider it. Also, it becomes easier to earn more bonuses from daily purchases.

  • You can enjoy an impressive 75,000 bonus miles 
  • Free first and second checked bags save you more money 
  • It is easy to earn more bonuses from purchases
  • It lacks the intro APR offer

You will also find this as a great choice among the different credit cards available. With the credit card, you’ll earn 30,000 bonus points when you spend $3,000, within the first 3 months from account opening. You also qualify for more bonus points when you spend on items in specific categories. These recommendations come from the card issuer. 

This credit card is for people with good to excellent credit scores. We are talking about scores from 700 to 749. Also, you may find your annual fees being among the cheapest on the list. 

The company also promises a 25% cashback on statement credit when purchasing food, beverages, and Wi-Fi while using the credit card. This needs to be done while on a United-Operated flight. 

Hilton Honors Aspire Card from American Express

It is easier to earn cash rewards than some credit cards. You also get to enjoy various benefits attached to the Diamond Status when you acquire the card.

  • Impressive bonuses  
  • Easy to get statement credits 
  • The Diamond Status comes with several benefits

Anyone who frequently uses hotels should definitely consider this credit card. Unlike other credit cards, this one offers an impressive 150,000 Hilton Honors bonus points after spending $4,000 within the first three months of account opening. For those who love to travel, this is a good card. 

The users of the credit card will also like the car rental loss plus damage loss feature attached to this card. There is also the premium global assist hotline attached to the card. This means you get 24-7 medical, financial, and legal consultation as a card member. 

The card offers up to a $600 statement credit. The APR is similar to other card issuers, which makes the card affordable to be used by many people. 

Источник: https://www.compelo.com/best-credit-cards/

Highlights & Features

Rewards

Spending Rewards
  • 5% cash back on:
    • Travel purchased through Chase Ultimate Rewards
    • Lyft rides (through March 2022)
    • Grocery store purchases (not including Target or Walmart) up to $12,000 spent in the first year
  • 3% cash back at:
  • 1.5% cash back on all other purchases
Introductory Bonus
  • $200 bonus for spending $500 in the first 3 months

Balance Transfers

A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.

Intro Balance Transfer APR 0% for 15 months
Regular Balance Transfer APR14.99% - 24.74% Variable
Balance Transfer FeeEither $5 or 5% of the amount of each transfer, whichever is greater
How to Transfer a Balance on a Credit Card

Fees

Penalty APRUp to 29.99%
Late FeeSee Terms
Returned Payment FeeSee Terms
Additional Cards Annual FeeN/A
Foreign Transaction Fee3% of each transaction in U.S. dollars
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR24.99% Variable
Cash Advance FeeEither $10 or 5% of the amount of each transaction, whichever is greater
How to Get a Cash Advance with a Credit Card
Chase Freedom Unlimited®

Highlights

  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% – 24.74%.
  • No annual fee

The Chase Freedom Unlimited credit card offers 5% cash back on Lyft rides (through March 2022), 5% back on travel through Chase Ultimate Rewards, 3% back on dining and at drugstores, and 1.5% back on every other purchase you make.

You’ll also get an introductory APR of 0% for 15 months for purchases, which is quite a long time compared to most cards. After that your regular APR will be 14.99% - 24.74% Variable.

There is no annual fee for this card.

For a similar card that offers 5% cash back in different bonus categories, check out the Chase Freedom Flex℠ (Review).

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Источник: https://www.creditcardinsider.com/credit-cards/chase/chase-freedom-unlimited/

DISCOVER IT® CASH BACK CREDIT CARD

You earn cash back, we match it all your first year

Discover offers this cash rewards wells fargo sign on website card and matches all the cash back you’ve earned at the end of your first year.1

No annual fee

* Intro purchase APR is 0% for 14 months from date of account opening then the standard purchase APR applies. Intro Balance Transfer APR is 0% for 14 months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. Standard average mortgage payment in houston APR: 11.99% variable to 22.99% variable, based on your creditworthiness. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

There’s no annual fee for your Discover it® Cash Back credit card. Not now. And not hiding a year from now.

Discover it® Cash Back Credit Card

Why Discover it ® Cash Back rewards credit card?

Five Percentage

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com,9 grocery stores, restaurants, gas stations and when you pay using PayPal,16 up to the quarterly maximum when you activate.

One Percentage

Earn 1% cash back on all other purchases – automatically.  

2x cash back

With Cashback Match, get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.1

Get 5% cash back rewards at select places throughout the year

5% at Amazon.com, Walmart.com and Target.com

on up to $1,500 in purchases when you activate.2

5% at Grocery Stores and Fitness Club & Gym Memberships

on up to $1,500 in purchases when you activate. Excludes Walmart and Target purchases.3

5% at Gas Stations and Target

on up to $1,500 in purchases when you activate.4

5% at Restaurants and PayPal

on up to $1,500 in purchases when you activate.5

5% at Amazon.com and Digital Wallets

on up to $1,500 in chase freedom credit card interest rate when you activate. 6

99% nationwide acceptance — Discover is accepted by 99% of the places across the country that take credit cards.7

No annual fee

* Intro purchase APR is 0% for 14 months from date of account opening then the standard purchase APR applies. Intro Balance Transfer APR is 0% for 14 months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. Standard purchase APR: 11.99% variable to 22.99% variable, based on your creditworthiness. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

0% Intro APR for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until . Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

The security you expect from Discover

Activate Social Security Alerts and Discover will send you an alert if your Social Security number is found on any Dark Web sites.

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Источник: https://www.discover.com/credit-cards/cash-back/it-card.html

Highlights & Features

Rewards

Spending Rewards
  • 5% cash back on:
    • Travel purchased through Chase Ultimate Rewards
    • Lyft rides (through March 2022)
    • Grocery store purchases (not including Target or Walmart) up to $12,000 spent in the first year
  • 3% cash back at:
  • 1.5% cash back on all other purchases
Introductory Bonus
  • $200 bonus for spending $500 in the first 3 months

Balance Transfers

A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.

Intro Balance Transfer APR 0% for 15 months https www t online de login
Regular Balance Transfer APR14.99% - 24.74% Variable
Balance Transfer FeeEither $5 or 5% of the amount of each transfer, whichever is greater
How to Transfer a Balance on a Credit Card

Fees

Penalty APRUp to 29.99%
Late FeeSee Terms
Returned Payment FeeSee Terms
Additional Cards Annual FeeN/A
Foreign Transaction Fee3% of each transaction in U.S. dollars
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR24.99% Variable
Cash Advance FeeEither $10 or 5% of the amount of each transaction, whichever is greater
How to Get a Cash Advance with a Credit Card
Chase Freedom Unlimited®

Highlights

  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% – 24.74%.
  • No annual fee

The Chase Freedom Unlimited credit card offers 5% cash back on Lyft rides (through March 2022), 5% back on travel through Chase Ultimate Rewards, 3% back on dining and at drugstores, and 1.5% back on every other purchase you make.

You’ll also get an introductory APR of 0% for 15 months for purchases, which is quite a long time compared to most cards. After that your regular APR will be 14.99% - 24.74% Variable.

There is no annual fee for this card.

For a similar card that offers 5% cash back in different bonus categories, check out the Chase Freedom Flex℠ (Review).

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Источник: https://www.creditcardinsider.com/credit-cards/chase/chase-freedom-unlimited/

Chase Freedom Unlimited Review: More Details

A longtime favorite of fans of cash back, the Chase Freedom Unlimited has recently revamped its rewards program and now offers even more opportunity to earn cash back with every purchase. Along with the card’s classic 1.5% cash back rate on general purchases, cardholders will enjoy outsized rewards on Ultimate Rewards travel, dining and drugstore purchases.

Such practical bonus categories and a better-than-average cash back rate on general purchases should make it easy to earn plenty of rewards – no matter how you weigh your spending. Plus, Ultimate Rewards cardholders will enjoy the flexibility to transfer points between cards, allowing points hackers to stockpile enough rewards for their next vacation in no time.

Earning cash back: New bonus categories

With its recent refresh, the Chase Freedom Unlimited is on track to be an ideal choice for cardholders who want the best of both worlds: Not only do you earn 1.5% cash back on general purchases, but you’ll also get 5% back on travel purchased through the Chase Ultimate Rewards portal, 3% back on dining and 3% back on drugstore purchases.  Through March 2022, you’ll also earn 5% cash back on Lyft purchases.

This new rewards earning scheme is unique, as most cards that offer bonuses in specific spending categories limit you to a 1% cash back rate on general purchases. Indeed, based on the average consumer’s spending habits, we estimate that the Chase Freedom Unlimited now caries a terrific average rewards rate chase freedom credit card interest rate just over 2% back. Based on an average spend of $15,900 per year, the average person should earn around $328 per year in cash back with the Chase Freedom Unlimited, about $100 more per year than we’d expect with the card’s traditional cash back program. Of course, you could earn even more if you spend heavily in the card’s bonus categories.

Sign-up bonus

The Chase Freedom Unlimited card offers a $200 cash back bonus if you spend $500 in the first three months of card ownership. On top of that you can earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year. Though temporary, that’s an extremely generous cash back rate on grocery store purchases for a no annual fee card.

Redeeming cash back

Once you’ve earned rewards, the Chase Freedom Unlimited is extremely flexible in how you redeem them, giving you plenty of different redemption options. If you want to use your points for cash back, you can redeem them for either a statement credit or direct deposit into your bank account. You also have the option to use Freedom Unlimited points to pay for travel in the Ultimate Rewards portal. Just keep in mind that your points might have a different value depending on how you choose to redeem them.

Chase Freedom Unlimited redemption options

Redemption optionPoint value (cents)
Travel redemption1
Statement credit1
Direct deposit1
Gift cards1
Apple purchases1
Amazon.com purchases0.8

See Related: Best ways to use Chase Ultimate Rewards points

You can also use the Chase Pay Yourself Back feature to redeem points to pay for some or all of your purchases in select categories and get paid back with a statement credit. You’ll still earn points on these purchases and your points may be worth more when your redeem in certain categories. For a limited time, Freedom Unlimited cardholders can redeem at a value of 1.25 cents per point when they opt to donate to eligible charitable organizations.

See related: Chase Pay Yourself Back expands to Freedom cards

Intro APR for new purchases

The Chase Freedom Unlimited could also be useful if you need to strategically carry a balance in the short term. The card comes with a 0% intro APR on new purchases for the first 15 months (14.99% to 24.74% variable thereafter), so if you have a big purchase to make that you’d like to pay off over time without incurring hefty interest charges, signing up for this card can be a great strategy. Just be sure to make a plan to pay off your balance before the introductory period ends, as the ongoing APR can be high.

See related: Best credit cards for large purchases

Other benefits

The Chase Freedom Unlimited comes with several perks that make it a valuable choice for frequent travelers. Here’s a quick look at some of the card’s benefits.

  • Car rental insurance – For car rentals booked and paid for with your card, you can receive secondary coverage in the case of damage or theft.
  • Purchase protection – If you purchase an item with your Freedom Unlimited and it is stolen or damaged in the first 120 days, you can be reimbursed up to $500 per claim (max $50,000 per account).
  • Extended warranty – Add an extra year to qualifying manufacturer’s warranties of three years or less.
  • Trip cancellation and interruption insurance – If you have to cancel or cut a trip short due to a covered circumstance such as severe weather or illness, you can be reimbursed for any non-refundable fares charged to your card.

To take full advantage of the card’s perks, put all major purchases on the Freedom Unlimited.

Approval odds

The Chase Freedom Unlimited is designed for users with good to excellent credit (above 670), so you’ll want to ensure you meet those qualifications before you apply. If you are worried about your eligibility and want to avoid a hard pull on your credit, you can also take advantage of tools like CardMatch™ to see if you’re matched for the offer.

Additionally, Chase is one of the strictest issuers when it comes to the number of accounts you can have open – holding new applicants to the 5/24 rule. This means if you have opened five or more credit cards with any issuer in the last 24 months, it is likely you won’t be approved for the card.

Customer experience

Among major issuers, Chase has a pretty good customer service reputation. In J.D. Power’s 2021 customer satisfaction survey, the bank scored 807 – fourth out of 11 card issuers. Chase’s mobile app rates well among users, rating 4.4 out of 5 in the Google Play Store and 4.8 out of 5 in the Apple App Store.

Chase’s customer service has improved since the bank now has an online chat feature available on its website, which can make it easier to extended stay america near me a quick answer to a simple question.

Pairing the Chase Freedom Unlimited with other rewards cards

Because the Freedom Unlimited card comes with a good flat rate of cash back on all purchases, it makes an excellent pair for other rewards cards that earn bonus points or cash back in particular categories. It makes a particularly good pair for other Chase Ultimate Rewards cards – as it is easy to transfer points between them.

Plus, cards like the Chase Sapphire Preferred® Card get a higher point value when you redeem rewards for travel through the Ultimate Rewards portal – meaning you can stretch your points a bit further by carrying both cards. Simply put all bonus category purchases on the Sapphire Preferred (the card earns 5 points per dollar on travel purchased through Chase Ultimate Rewards, 3 points per dollar on dining and 2 points per dollar on other travel purchases) and all other purchases on the Freedom Unlimited. Then, transfer all your points to the Sapphire to get more value out of them.

See Related: Earn more Ultimate Rewards points with the Chase trifecta

Additionally, Sapphire Preferred and Chase Sapphire Reserve® cardholders have the option of transferring points to one of Chase’s travel partners. Since many airline and hotel loyalty programs have an average point value higher than 1 cent per point, this can be another way to get more from your rewards.

How does the Chase Freedom Google play store gift card codes india compare to other cash back cards?

While the Chase Freedom Unlimited card offers a good flat rate of cash back for cardholders seeking simplicity, it does not offer the best rate you can find among cash back cards. Here’s a quick look at a few popular alternatives:

Citi Double Cash Card
Citi® Double Cash Card
Capital One Quicksilver
Capital One Quicksilver Cash Rewards Credit Card
Chase Freedom Flex℠
Chase Freedom Flex
Rewards rate
  • 1% cash back on general purchases
  • 1% additional cash back as you pay for those purchases
Rewards rate

1.5% cash back on every purchase

Rewards rate
  • 5% cash back on rotating bonus categories that you must activate each quarter (up to $1,500 per quarter)
  • 5% cash back on Ultimate Rewards travel
  • 3% back on dining and drugstore purchases
  • 1% cash back on general purchases
Sign-up bonus

None

Sign-up bonus

$200 if you spend $500 in first 3 months

Sign-up bonus

$200 if you spend $500 in first 3 months

Annual fee

$0

Annual fee

$0

Annual fee

$0

Other things to know
  • Rewards expires if card is not used over 12 months
  • Lengthy intro period for balance transfers
Other things to know
  • Rewards don’t expire
  • No foreign transaction fee
  • Intro APR for new purchases and balance transfers
Other things to know
  • Includes cell phone protection
  • Redeem points for cash, travel, merchandise or gift cards
  • Transfer rewards to other Chase Ultimate Rewards cards to potentially boost value
  • Rewards don’t expire

Citi Double Cash Card

For cardholders who prefer a flat rate of cash back to keeping track of bonus categories, the Citi Double Cash Card offers one of the highest earning rates you can get on every purchase. Cardholders earn 1% cash back on everything they buy, plus an additional 1% cash back as they pay for those purchases – for up to 2% back on every purchase. While the Double Cash Card does not come with a sign-up bonus, it is easy to rack up enough rewards over time to make up for this.

See Related: Citi Double Cash Card vs. Chase Freedom Unlimited

Capital One Quicksilver

Like the Chase Freedom Unlimited, the Capital One Quicksilver card offers a flat 1.5% cash back on every purchase. If you want to earn a flat rate on all purchases – but prefer Capital One to Chase – this could be a great choice for you.

Chase Freedom Flex

In addition to a bonus rewards on Ultimate Rewards travel, dining and drugstore purchases, the Chase Freedom Flex awards cardholders 5% cash back in rotating bonus categories that they must enroll in each quarter (on up to $1,500 in purchase per quarter). Users also earn 1% cash back on other purchases. If you don’t mind putting a bit more maintenance into your credit card, this can be a very lucrative earning rate.

See Related: Chase Freedom Flex vs. Chase Freedom Unlimited

The Chase Freedom is also an excellent pair for other Ultimate Rewards cards, as you can transfer points between cards just like you can with the Chase Freedom Unlimited.

Who should get the Chase Freedom Unlimited card?

  • Cardholders looking for a good all-purpose cash back card that earns solid cash back on every purchase, plus bonuses in specific categories.
  • Cardholders looking chase freedom credit card interest rate a generous introductory offer.
  • Cardholders who want to earn Ultimate Rewards without paying an annual fee.
  • Frequent travelers who will take advantage of the card’s protections and insurances.
  • You’re a frequent Lyft ride-share user.

How to use the Chase Freedom Unlimited card:

  • Spend at least $500 on the card in the first three months to secure the sign-up bonus.
  • Use the card as your go-to for general purchases.
  • Use the card for all Ultimate Rewards travel bookings and on dining and drugstore purchases.
  • Use the card for all Lyft rides.
  • Consider pairing the card with another Ultimate Rewards card such as the Sapphire Preferred to get more value out of your Ultimate Rewards points.
  • Take advantage of perks like Chase Offers and referral bonuses to earn more rewards.

Is the Chase Freedom Unlimited card worth it?

Thanks to its recent refresh, the Chase Freedom Unlimited should offer most cardholders an impressive average rewards rate and an easy way to earn solid cash back on every purchase. What really sets the card apart is the ability to transfer rewards to other Chase Ultimate rewards credit cards. If you are looking for a good card to pair with other rewards cards to maximize rewards potential, the Freedom Unlimited is a great option.

Need more information on this card? See related articles:

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

Источник: https://www.creditcards.com/reviews/chase-freedom-unlimited-card/

Top 10 Best Credit Cards – Comparison & Reviews in October 2021

Citi® Double Cash Card

Most people who have used the card love it for having some of the best cashback rates. More reason to consider using this card to get more Chase Ultimate Rewards. 

  • Impressive cashback rate
  • No annual fee
  • Introductory APR period on balance transfers
  • High foreign transaction fee 

It is considered among the best credit cards because of the many benefits you get while using it. An example is that you can earn 2% cashback on each purchase, and you also get unlimited 1% cashback whenever you buy something using a credit card. 

People will also enjoy it for having the 0% intro APR on the balance transfers for the first 18 months after account opening. After the grace period is over, you will then face an APR rate of 13.99% to 23.99%. This is mostly based on creditworthiness. 

Keep in mind that the balance transfers will not earn you cashback. Ensure that you pay off the entire balance on the due date to avoid accruing interest. You can expect a balance transfer fee of 3% or $5 of the amount being transferred, whichever is greater between the two. 

American Express Gold Card 

This company will give you the option of earning a lot more rewards. It might be the reason people get this card as they know it will be a great place to earn bonuses and cashback.

  • Chances of earning high rewards la calle san jose costa rica many 
  • There are multiple point transfer options 
  • You can opt for the rose or rose gold option
  • There are no lounge benefits

This may be a popular choice for those who have used the Rose or Rose Gold designed credit card before. One thing that stands out should be that you earn 60,000 membership rewards points, which will be reflected in your account once you’ve spent $4,000 on the eligible purchases within the first six months from account opening. 

There are more ways to improve your earnings of cash rewards. You can multiply the rewards up to four times when you make purchases at restaurants and takeout joints. You get more of the same when you use the card to purchase flights. So, you can generally earn more cashback as you continue using the card. 

The card is for anyone with a good credit score. So, give it a try to see if you can be approved for the card. Note that the annual fee is not too high to discourage you from getting the card. With no foreign transaction fee, it appeals to more people seeking such a credit card. 

Chase Sapphire Preferred® Card

The credit card has impressively high reward rates. You would also find it has impressive redemption flexibility than other cards.

  • Earn high rewards on spending 
  • Impressive welcome bonus 
  • Unlimited zero-fee deliveries from selected services

It is recommended that you also consider more credit cards from Chase. This is another good example of a credit card that can suit your lifestyle and spending habits. The best part is that you get impressive bonus points when you spend $4,000 within three months from account opening. You also get to redeem $750 through the Chase Ultimate Rewards system. 

Other than the membership rewards points, you would also get hotel credit, travel credit, and much more. Essentially, you get the best points when you keep using your credit card. 

Another benefit of the card is that you can still enjoy unlimited delivery with zero fees. This ensures you can use services such as DashPass and DoorDash without worrying about the delivery fees. Make sure to check the company website to see if the offer is still available. 

Chase Freedom Flex

One of the reasons for picking the card is the zero annual fees and the 0% intro APR period and it would generally appeal to more people who enjoy the use of its other services.

  • There is no annual fee 
  • Great travel rewards on the card
  • Offers generous rewards on various offers
  • All travel bookings must be done through Chase to earn cashback

Unlike some other options for credit cards, this one will give you a nice bonus to enjoy. The bonus can be $200 so long as you spend $500 in the first 3 months from account opening. This should make more people consider spending more money to earn the bonus. 

The ability to earn cashback makes the card also worth considering. You can earn 5% cashback when you make purchases on grocery and other in-store purchases. You also get the same amount of cashback when you spend the money on other eligible categories. See the website for more details on these categories. 

People often like the credit card for having 0% intro APR for the first 15 months. Then jp morgan chase bank customer service, the ARP will range from 14.99% to 23.74%. Also, there is no annual fee, an enticing option to have for a credit card. 

Chase Sapphire Reserve®

It is easier to grow your points by making regular purchases. An example is that you can be on a vacation trip and still earn bonus points. 

  • Impressive cashback rewards
  • Generous welcome bonus 
  • You can multiply your bonus points for doing various activities

Chase offers some of the best bonus options. For this credit card, you will earn a bonus of 50,000 travel rewards points. This is only after spending at least $4,000 on different purchases within the first 3 months of opening the account. You get to redeem them through the Chase Ultimate Reward system. 

This would generally be a great credit card for those who love to travel because you can multiply your points whether you air travel and purchase car rentals. It is the same for hotel bookings too. Even those who love to dine will also increase the points chase freedom credit card interest rate will need an excellent credit score of 750 to 850 to get this card. You will generally enjoy the affordable foreign transaction fees you get with the card. So, you can always make your purchases with ease. Although the annual fee is high, most people find it manageable. 

The Platinum Card® from American Express

As much as it does not have the 0% intro APR, you can find the foreign transaction as affordable. Earning the rewards makes more people consider it.

  • It is easy to earn more rewards from the company 
  • You can get hotel benefits with Hilton and Marriott partnership 
  • You also get comprehensive airport lounge access

Like some other credit cards, we find that this one has some great rewards too, including earning membership reward points within the first 6 months of card membership. These membership rewards points can also be used in other purchases later, such as grocery store purchases. 

You will generally increase your points based on how you use the card. The reward dollars can be earned through spending at restaurants and other places. The same rewards are available when you use a credit card with major airlines. 

The company reports the progress of using the credit card to the three major credit bureaus. The aim is to help you improve your credit score. You are likely to experience reduced service fees from other card issuers with a good credit score. 

Delta SkyMiles® Reserve American

Earning the Delta perks when boarding the Delta flights should encourage more people to consider it. Barclays mobile banking register, the bonus miles can be encouraging.

  • You can enjoy priority boarding on the Delta flights 
  • Experience the Delta Sky Club with the card 
  • Good rewards for air travelers
  • The companion certificate you get is only valid for domestic flights

Like other credit cards on the list, you can expect this credit card to have impressive offers. Here, you can get as many as 80,000 bonus miles after spending $5,000. You should know chase freedom credit card interest rate you need to do this within the first 3 months from account opening. Other similar rewards are offered from this company, check the website for more offers. 

Those who use the card to purchase flights will be given complimentary access to the Delta Sky Club. More reason to travel on Delta flights. Use the credit card to purchase the tickets. 

Unfortunately, there is no 0% intro APR, but its regular APR is within the normal rate, which makes it a great choice overall. Anyone who uses this card to purchase a flight ticket qualifies for lost luggage insurance, one of the other benefits of this card. 

So long as your credit history is good, you can get the card. It requires a credit score between 700 to 749. 

United Club℠ Infinite Card

It may lack the 0% intro APR, but it is easy to earn bonus miles. Most people find it easy to start earning cashback and rewards compared to other card options.

  • Lacks foreign transaction fees
  • Earning bonus miles is easy
  • Get impressive cash back

When others are charging a lot on foreign transaction fees, you will find this credit card has no foreign transaction fee. Worldwide purchases become easy without exorbitant fees. 

You will also like that you get 75,000 bonus miles. This drives more people to consider applying for this credit card. You still earn more bonus miles each time you use the card on eligible purchases. Also, the balance transfer fee is not too high.

There is also a 25% statement credit when you use the card to purchase food, beverages, and other categories, details on the website. 

Your first and second pieces of luggage are checked for free whenever you pay for a flight using the card. More reason to get this card. 

World of Hyatt Credit Card

The initial bonus miles are enough to make someone consider it. Also, it becomes easier to earn more bonuses from daily purchases.

  • You can enjoy an impressive 75,000 bonus miles 
  • Free first and second checked bags save you more money 
  • It is easy to earn more bonuses from purchases
  • It lacks the intro APR offer

You will also find this as a great choice among the different credit cards available. With the credit card, you’ll earn 30,000 bonus points when you spend $3,000, within the first 3 months from account opening. You also qualify for more bonus points when you spend on items in specific categories. These recommendations come from the card issuer. 

This credit card is for people with good to excellent credit scores. We are talking about scores from 700 to 749. Also, you may find your annual fees being among the cheapest on the list. 

The company also promises a 25% cashback on statement credit when purchasing food, beverages, and Wi-Fi while using the credit card. This needs to be done while on a United-Operated flight. 

Hilton Honors Aspire Card from American Express

It is easier to earn cash rewards than some credit cards. You also get to enjoy various benefits attached to the Diamond Status when you acquire the card.

  • Impressive bonuses  
  • Easy to get statement credits 
  • The Diamond Status comes with several benefits

Anyone who frequently uses hotels should definitely consider this credit card. Unlike other credit cards, this one offers an impressive 150,000 Hilton Honors bonus points after spending $4,000 within the first three months of account opening. For those who love to travel, this is a good card. 

The users of the credit card will also like the car rental loss plus damage loss feature attached to this card. There is also the premium global assist hotline attached to the card. This means you get 24-7 medical, financial, and legal consultation as a card member. 

The card offers up to a $600 statement credit. The APR is similar to other card issuers, which makes the card affordable to be used by many people. 

Источник: https://www.compelo.com/best-credit-cards/

How to find your APR and calculate your interest charge

If you carry balances on your credit card from month to month, your credit card purchase APR (annual percentage rate) determines how much you must pay in interest. A higher purchase APR means you will owe more in interest if you carry a balance, while a lower purchase APR means you will owe less.

You can avoid credit card interest altogether by paying your statement in full each month before the grace period ends, but keep in mind that this can vary depending on whether you have a personal or business credit card. But if you do carry a balance on your card, greater insight into how interest is calculated and how to calculate it on your own can help you understand why this interest shows up on your statement.

How to find your credit card's APR

Your credit card APR may be available in multiple locations: on your most recent credit card statement, in your card's terms and conditions, on your card issuer's website, or by reaching out to the credit card issuer directly.

Note that there may be different APRs for purchases, cash advances and balance transfers. Be sure you refer to the correct one when calculating what you owe. When we say "APR" in this article, we're referring to the APR for purchases.

Find your APR on your credit card statement

Typically, you can find your credit card APR near the end of your monthly statement. There will be a section of the statement marked "Interest Charge Calculation" or a similarly worded section.

The statement section also shows you how much of your balance will be used to calculate your monthly interest charge. Interest accrues every day on any unpaid balance, and the accrued interest becomes part of your total balance. Because your interest compounds, what you owe can grow quickly.

Find your APR in your credit card's terms chase freedom credit card interest rate conditions (T&Cs)

If you're considering signing up for a particular credit card, it's a good idea to read the card's terms and conditions thoroughly. You can also refer to your existing cards' T&Cs for important information like purchase APR.

Your card's APR is listed near the top of the card's T&Cs.

Find your APR through your credit card issuer's website

If you have an online account with your card issuer, you can log in and navigate to your account information section to find the APR associated with your card.

Your card issuer's website should have the most up-to-date information on APR, making this a smart choice to see what your credit card APR is today.

Find your APR by contacting your credit card issuer

You can contact your card issuer directly to get up-to-date rate information. For your existing credit cards, your issuer's phone number can be found on the card itself.

How to calculate the APR on your credit card

Credit card interest calculations rely on a five-step process. First, you break the APR into a daily periodic rate (DPR). Once you've done signs an aquarius man is falling for you, you determine the average daily balance on the card and multiply it by the DPR. These daily amounts are then added up for the month and that's the interest rate charge that's added to your monthly purchase amount.

We break it down here:

  1. Calculate your daily periodic rate (DPR)

    The APR is given as an annual rate–but card issuers typically calculate the interest that you owe on a daily basis. To find this daily interest amount, they will divide the APR by 365 to generate the DPR.

    So, if a card has an APR of 11.24%: divide 11.24% by 365. The resulting DPR is 0.0308%.

    Note that some card issuers use 360 instead of 365, so it's important to check with your issuer to confirm their methodology.

  2. Determine chase freedom credit card interest rate average daily balance

    Another key component of interest calculations is your average daily balance, or the sum of your daily balances divided by the number of days in the month.

    Calculating your average daily balance will be your most difficult math problem when calculating your interest, especially as many credit card statements do not provide your daily balances. Move backwards through your statement to see what the final balance was on each day of the month.

    Let's say you start the month with a zero balance for a 30-day (one month) statement cycle.

    On day one: you spend $200. On day 21 (20 days later) you spend another $200. That means your daily balance was $200 from day one to day 20 (20 days), and then $400 from day 21 to day 30 (10 days).

    To find the total sum of every daily balance in that 30 days, you do the following:

    ($200 ✕ 20) + ($400 ✕ 10) = ($4000) + ($4000) = $8000.

    To find your average daily balance, you divide that sum of $8000 by the number of days in your billing cycle as $8000/30, which gives you an average daily balance of $266.67.

  3. Apply the DPR to the average daily balance

    To figure out how much you owe daily in interest, multiply the DPR by the average daily balance.

    So in this case the DPR is 0.0308% (0.000308 in decimal form) ✕ $266.67 = $0.082, or 8.2 cents of daily interest per day.

  4. Combine your daily interest amounts into a monthly total

    Multiply the daily interest amount (8.2 cents) by the number of days in the statement cycle (30 days).

    30 ✕ $0.082 = $2.46 in monthly interest charges.

  5. Add what you owe in interest to your purchases for the month

    Take that $2.46 and add it to your monthly purchase amount ($400 in this case) and the total balance at the end of the month is $402.46.

How to manage your credit card interest

Calculating your credit card interest is just the first step. By monitoring your APR and by aiming to pay off your balance as much as you can, you can pay much less in interest and improve your credit score at the same time. Of course, if you pay your balance in full within the specified grace period every month, you won't have to pay any interest on purchases. You may still be charged interest for other types of transactions; like when you use your card to get cash.

Keep your credit card interest at a healthy level by doing the following:

  • Determine whether your credit card APR is fixed or variable.

    This will be indicated on your card statement, often as an (F) or a (V) in the rate table. A fixed rate stays the same from month to month (although card issuers can change the fixed rate with 45 days' notice or if you are 60 days past due on your minimum payments). The variable rate may change from month to month and is pegged to the prime rate: a reference rate used by many issuers.

  • Reference your statements for your running interest total.

    Your card statements will show how much in interest (and fees) you have accrued year-to-date. Monitoring this figure helps you understand how much you're paying in credit card interest, without having to do the manual calculations described above.

  • Aim to pay your statement balance in full each month.

    Put your credit card to work as a short-term interest-free loan by paying off what you owe at the end of each statement cycle. You will likely have a minimum of 21 days from the date the statement is mailed to pay off the balance before interest begins to accrue. If you want to pay your statement balance in full each month, you may want to consider signing up for that option through autopay, so that you won't forget to make a payment.

  • But when you can't pay in full, always try to pay more than the minimum balance due.

    Your card statement or online account will detail the minimum amount due for each statement cycle. The more of your balance you pay each month, the less you will owe in interest.

Maintain your finances by checking and managing credit card APR

Understanding credit card APR helps you understand how credit card interest can accrue quickly and why it helps to regularly monitor your rate and your total balance.

As a next step, see if you qualify for a credit card with a lower purchase APR. If you find a lower rate credit card that also offers balance transfers, transfer the current balance from your higher-APR card, and start using extra cash to pay it down throughout the month.

Источник: https://www.chase.com/personal/credit-cards/education/interest-apr/how-to-check-interest-rate-on-apr

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Keep up With the Rotating Categories to Earn the Most

Credit Needed: Good/Excellent

There is no doubt that the Chase Freedom Flex card is a fan favorite among credit cardholders. There’s no annual fee and the card offers incredible earnings. Not only does the Chase Freedom Flex card offer cash back, but it provides the opportunity for cardholders to earn bonus cash back. This is done through rotating categories each quarter. The categories vary per year, but they have previously included gas stations, commuter expenses, home improvement stores and department stores.

You must opt in to the bonus category each quarter. Once you’ve done that, you’ll earn 5% cash back on up to $1,500 in combined purchases in that category.

The Chase Flex also offers you additional ways to earn cash back. You can earn 5% cash back on travel when you make your travel purchases through the Chase Ultimate Rewards portal. Earn 3% on drugstore purchases and on restaurant purchases including take out. Some delivery services are also eligible for the 3% cash back. You automatically earn 1% back on all other purchases. Should you forget to opt in one quarter, your purchases will earn only 1%. Luckily your cash back rewards will never expire as long as your account is open and in good standing. There is also no limit to how much you can earn at the 1% cash back rate.

Once you sign up for the card, you will have three months to spend $500 on purchases to earn a $200 bonus. After opening your account, the first 15 months are subject to a 0% intro APR for purchases. After that period, the variable APR of 14.99% - 24.74% Variable applies.

Additionally, balance transfers and cash advances come with a transaction fee. Cash advances cost $10 or 5% of the amount, whichever is greater. Balance transfers come with an intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater. Foreign transactions also come with a fee of 3% of the transaction amount.

Chase tracks your earnings as points. As a cash back card, you can take the cash back through direct deposit or statement credit. However, you could also convert your cash back to points, meaning 100 points for every dollar spent. You can then use these points to shop on Amazon, buy gift cards or book travel through Chase Ultimate Rewards. Chase’s Ultimate Rewards Program is an extensive rewards program that includes the Chase Freedom Flex card.

Smart Features

No annual fee – The Chase Freedom Flex card does not have an annual fee.

$200 bonus - Earn a bonus of $200 after spending $500 on purchases within the first three months.

Rotating categories - Special america ferrera siblings categories mean that you can earn extra cash back within a certain quarter when a category is specified.

0% intro APR - The APR for purchases will be 0% for the first 15 months of having the card. After that period, the variable APR of 14.99% - 24.74% Variable applies.

High rate of cash back - The Chase Flex card offers many ways to earn cash back - 5% rotating rewards categories (up to quarterly cap), 5% travel (Chase Ultimate Rewards), 3% drugstore, 3% dining, 1% everything else. 

Redemption options - Not only can you earn cash back, but you can instead redeem points for rewards like Amazon purchases, gift cards or travel expenses.

Extra protections - Chase ensures your safety and comfort as a cardholder. This means protection for fraud, stolen or damaged purchases, merchandise prices, extended warranties and merchandise returns.

Who it Benefits

The Chase Freedom Flex card stands to benefit the everyday credit cardholder. With its special rotating categories including home improvement, gas stations and department stores, your everyday purchases could earn you some huge rewards. You just have to make sure you have opted in and you’re using your card in the right places at the right times to score the big rewards. Besides the rotating categories, the card offers a 5% cash back rate on travel and 3% cash back rate on drugstores and dining. Depending on how you use your card and the category available, at times you may be only earning 1% on purchases. 

Compare Similar Cash Back Offers

How it Works

The Chase Freedom Flex card is a cash back card with rotating special categories. Your spending within a quarter’s specified category will earn you 5% cash back on up to $1,500. After you spend $1,500, you earn 1% back on the rest of your purchases with no caps. You american heritage federal credit union quakertown also earn 5% cash back on travel when you purchase through the Chase Ultimate Rewards portal. You’ll earn 3% at drugstores and when dining at restaurants. Those purchases also include take out and some delivery services are also eligible.  All other purchases will still automatically earn 1% cash back, again with no limit.

Your rewards will never expire as long as your account is open and in good standing.

The special categories include, but are not limited to, gas stations and drug stores. Note that you will have to opt in for each quarter’s category in order to earn the bonus 5% cash back. You can activate online or via text, email, phone, Chase location or ATM. Luckily, as long as you activate before the deadline for each quarter, your purchases can retroactively earn 5% back. Activating after the deadline, however, means your purchases earn only 1% back.

Within the first three months of signing up for the card, you can earn a bonus of $200 by spending $500 on purchases.

The card does not have an annual fee. It also carries an intro APR of 0% for purchases for 15 months. After that, the normal variable APR of 14.99% - 24.74% Variable applies. Cash best 5 cash back credit cards 2019 come with a 24.99% Variable APR. Balance transfers and cash advances come with their own fees. Cash advances cost $10 or 5% of the transaction amount, whichever is greater, while balance transfers have an intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater. Foreign transactions made on the card will also trigger a fee of 3% of the transaction amount in U.S. dollars.

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What's the Catch

The Chase Freedom Flex card chase freedom credit card interest rate a pretty good card on the whole. However, there are a couple of catches to the card. For one, you have to manually opt in each quarter to earn the 5% cash back on the special category. It is not done automatically, so you do have to pay attention to each quarter’s categories and deadlines. You can opt into the special reward categories online, through text or email, by phone or by visiting a Chase location or ATM. It’s worth noting that you can still activate late in the quarter, as long as it’s before the activation deadline. That way, your previous quarter purchases can still earn 5% cash back. Should you forget to opt-in, however, depending on what you purchase (unless it falls into drugstore, dining, or travel), you may only earn 1% cash back.

The other catch to the Chase Freedom Flex card is that you earn 5% back on up to $1,500 in combined purchases in bonus categories each quarter. So any purchases you make after you’ve already spent $1,500 within the category earns 1% cash back. So if you think you’re going to be spending more than $1,500, either be aware that not all your purchases will earn 5% back.

Just the Math

You earn 5% cash back one main financial loan requirements a different category each quarter. The 5% cash back applies until you’ve spent $1,500 in that quarter. You’ll earn 5% on travel when you purchase through the Chase Ultimate Rewards portal. You’ll earn 3% at the drugstore and when dining at restaurants. After that, you earn 1% cash back with no limits on how much you can earn.

There is also a sign-up bonus of $200 if you spend $500 on the card within the first three months.

Balance transfers from this card will cost an intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater. The variable APR is between 14.99% - 24.74% Variable, depending on your credit score.

How it Stacks Up

U.S. Bank also offers a rotating categories card, the Cash+ Visa Signature Card. Interestingly, this card gives you the option to choose your cash back categories, rather than them being determined for you. You can earn 5% cash back for the first year on your first $2,000 in eligible purchases each quarter on the combined two categories you choose. You choose from a given list that includes more specific categories like fast food restaurants or sporting goods stores.  You also can earn 2% cash back for the first year on your choice of one everyday category (i.e. gas or groceries). You earn 1% cash back on everything else and if you forget to choose your special categories. The card also offers some good sign-up bonuses, all for no annual fee either, making the Cash+ Visa Signature card a pretty nice option.

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Interest Pay my directv bill online percentage Rate (APR) for Purchases

0% Intro APR on Purchases for 15 months. After the intro period ends a 14.99% - 24.74% Variable APR will apply, based on your credit-worthiness. 

APR for Balance Transfers

There is no intro APR on balance transfers. A 14.99% - 24.74% Variable APR will apply, based on your credit-worthiness.

APR for Cash Advances

Pay 24.99% Variable for cash advances. The APR will vary with the market based on the Prime Rate.

Penalty APR

up to 29.99% Variable

How to Avoid Paying Interest on Purchases

Your due date is at will be a minimum of 21 days after the close of each billing cycle. You will not be charged any interest on purchases if you pay your entire balance by the due date each month.

Minimum Interest Charge

None

Fees

Annual Fee: 

$0

Transaction Fees

  • Balance Transfer: An intro fee of $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that $5 or 5% of the amount of each transfer, whichever is greater.

  • Cash Advance: $10 or 5% of the amount of each transfer, whichever is greater

  • Foreign Purchase Transaction: 3% of each transaction in U.S. dollars

Penalty Fees

  • Late Payment: up to $40

  • Returned Payment: up to chase freedom credit card interest rate More

    The Bottom Line

    The Chase Freedom Flex card definitely provides a solid cash back return. At 5% cash back for specific categories, you can really earn a lot back on your everyday spending. You do have to make sure that you are activating the bonus each quarter. But even when you don’t opt in, chase freedom credit card interest rate still earn 1% chase freedom credit card interest rate back on all purchases with no limits. Plus, the Flex card offers other 5% and 3% cash back benefits you don't have to opt in to earn. 

    With a sign-up bonus and no annual fee, the Chase Freedom Flex makes sure that you earn cash back, and keep on earning. You will just have to watch out for cash advance fees, balance transfer fees and the end of the intro APR period. 

    Next Steps

    • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
    • Saving money is easier said than done, but having a high-yield savings account is a great start. To see what's available today, take a look at our overview of the top savings accounts.

    Save more with these rates that beat the National Average

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Источник: https://smartasset.com/credit-cards/chase-freedom-review

: Chase freedom credit card interest rate

Chase freedom credit card interest rate
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chase freedom credit card interest rate

3 Replies to “Chase freedom credit card interest rate”

  1. Mark Plymale Very interesting. I am a credit analyst and my financial institution doesn’t offer an option like that. I look forward to hearing more.

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